Full Moon May be the Beginning for Price Correction on Bitcoin Price Chart

Bitcoin price went up more than 10% in a week. It was one of great performance of Bitcoin in this year. While lots of investors were waiting for price dump on Bitcoin price for below 100K, Bitcoin price broke up the new all time high level. Even it broke the new all time high level, I am waiting for price correction on Bitcoin price chart.

I shared a few analysis about Bitcoin price chart and I pointed possible price correction. Today is the day for Full Moon. When we look at lunar calendar and Bitcoin price chart, we can see the correlation between these datas. Marker maker always looks lunar calendar while drawing Bitcoin price chart. So, Full Moon may be the reason the beginning of price correction on Bitcoin price chart.

Market maker waited for this date and Bitcoin price went up without any correction. We have seen 7 green daily candles in last 8 days.

Here you can see the indicators on daily chart of Bitcoin price. There is great downtrend line on RSI Indicator. I pointed this resistance and said we may see reversing down after touching this resistance. After daily close yesterday, RSI Indicator touched this resistance and It may be time to see correction on Bitcoin price chart.

After touching this resistance, It is so possible to reversing down from this resistance. It can not break up while other major Indicators are on the top. Fisher Indicator is on the top and It may reverse down. MACD Indicator is also close to reverse down. So, It is so possible to see price correction on Bitcoin price chart.

Full moon may be trigger for price correction on Bitcoin price chart. I will wait until to see breaking up the resistance on daily chart of RSI Indicator.

We will see..

Posted Using INLEO